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Terry Pegula officially introduced as new owner

‘A lifelong hockey fan, the 59-year-old Pegula was a Sabres season ticket holder from 1980-98 as he spent time living in both Olean and Orchard Park, NY, while operating East Resources Inc., an independent exploration and development company. A native of Carbondale, PA, Pegula founded East Resources Inc., in 1983. Over the next 27 years, he built it into one of the largest privately held companies in the United States. In July of 2010, Royal Dutch Shell purchased the assets of East Resources Inc. for $4.7 billion (US).’